Finding the Best Online Lenders

Directing you to the Best Online Lenders

It used to be that getting a loan meant meeting face to face with a bank loan manager while he silently (or verbally) judged your finances, your needs, and your current situation. As time went on and options expanded, payday lenders began to spring up by the dozens, but even though these folks seemed more understanding about the need for ready cash, you still had to face an individual—someone you might meet again at a ball game or in the grocery store.

Then came new technology which allowed for borrowers to apply for loans online, in the privacy of their own home. This method benefits borrowers because of the convenience and privacy it affords, because they have more options to choose from, and because they can get a rapid response. Lenders benefit by reaching a larger client base, being able to check some elements of the application online, and being about to accept payments electronically as well.

————–>>> However, not all online lenders are created equal <<<————–

In order to determine the best online lenders, here are some guidelines to follow:

The best online lenders offer simple, secure online applications

These applications are usually very short and only require information that should be readily available to you as the applicant.

The best online lenders have simple requirements

As long as you are at least 18 years old, have a steady job making at least $1000 a month, and have a bank account where your paycheck is deposited automatically, you should be able to qualify for the best online loans. Some will even work with you on the bank account issue, but this usually limits your options with lenders. Keep in mind that requirements vary from state to state and depending on the amount of cash you need, so this may determine the information you are required to give.

The best online lenders offer faxless service

You should not have to fax any in extra information, except in rare cases such as when state laws require additional documentation that is not available online.

The best online lenders are available 24/7

Most good online lending websites are available 24/7 so you can apply when it is convenient to you. Keep in mind however, that the service may depend on the availability of the lenders at that time, so you will have more loan options during business hours.

The best online lenders have a high acceptance rate

Look for lenders that have a high acceptance rate and don’t use traditional credit scores that may limit your options.

The best online lenders offer speedy response times

A good site should be able to offer you a response to your loan within a couple of minutes.

The best online lenders carefully explain all the terms of your loan

The best sites provide clear information so that you can make an informed decision. Be careful to read all websites and loan documents carefully before committing to a loan. Reputable sites should not charge you if you decide to not accept the loan after you read the specific fees and terms involved.

The best online lenders remind of the downside

If you are looking for an online loan, you are likely in crisis mode due to some emergency or unexpected expense. Remember that these types of loans, while convenient, often come with a high price tag attached.

The best online lenders offer ways to get your cash to you –fast!

If you have a bank account, most good online lenders should be able to get your money deposited into your account by the next business day. Some offer 1 hour service!

The best online lenders have contact information available

Check out the website to make sure they have an email, telephone number or physical address where they can be contacted if you have a problem.

Now that you are armed with information, here are some sites that you may want to check out that meet the above qualifications. However, there are tons of options out there and the field is constantly changing, so keep these rules in mind as you search for the best online lender for your situation:

Some of the Best Online Lender sites we could possibly recommended:

These lenders are the best of the best

123 Loan Advance
Green Leaf Loan Group
National Cash Credit
Quick Cash To Go
First Liberty Loans
Income Tax Advances
Speedy Payday Cash

Some registered hashtags include: #bestonlinelenders #123loanadvance #bestpersonalloans

Finding the Best Online Lenders, By Mindy Lobo – Today

5 ways you can find the best online cash advance

Are you worried that you aren’t getting the lowest rates on your short-term loan? Do you wish someone would lend you more money? Is your credit score preventing you from getting the money that you need? If you answered “yes” to any of these questions, you probably aren’t receiving the best deal you could get.

Here are 5 simple ways you can get the best online cash advance:

1). The best cash advances are available online

Any storefront lender will charge you more in fees, guaranteed. In general, most storefront lenders are franchises. In order to use the mother company’s name, logo, and marketing materials, franchise owners must pay the franchise CEO large franchise fees. Franchise owners must also pay expensive overhead costs. Due to these and other factors, storefront lenders have to charge a customer more money in order to operate the business. Online direct lenders are independently owned and operated. The best online cash advances are funded by independent lenders because they can operate their businesses at a cheaper rate. Cheaper rates for them mean cheaper rates for you.

2). Do your research

All online lenders are not the same. Don’t chose to lend with the first company you click on. What does the website look like? Is the site encrypted? Are there multiple grammatical errors throughout the site? Be careful for scammers. If something doesn’t look right, it probably isn’t.

3). The best online cash advances don’t require credit checks

All fast cash companies depend on one thing from their borrowers: proof of income. Income is the number one factor in determining whether or not a borrower gets approved for a cash advance. The best online cash advance companies will not require credit checks. If a company you’re considering does require a credit check, consider other options. A credit score just isn’t necessary in order to qualify for the best online cash advances.

4). The best companies offer you a cash advance you can afford

If you make $1000 per month and a fast cash company offers you a $2000 loan due back in 2 weeks, there’s something wrong. No good lender will offer you a loan you can’t repay. The best online cash advance lenders will offer you a loan up to $2500 depending on your take home pay. Don’t fall into temptation and takeout a loan you know you can’t pay—the company offering you the money knows you won’t be able to make the payment and knows they can charge you expensive fees. This is called predatory lending.

5). The best online cash advances make the process easier

You shouldn’t have to jump through hoops in order to qualify for the best online cash advance. Any company that requires you to fax or mail in personal financial documents is asking too much. The entire online cash advance application/approval process should only take 5-10 minutes. The best online cash advance lenders want to make it easier for you. If something seems to take too long, or you find yourself anxious about when you’ll get the loan, it’s time to look into another company.

#onlinecashadvance #cashadvances

5 ways you can find the best online cash advance, By Heather Wilson – Updated Today